by date← Jun 30, 2004·Jun 30, 2004 →

EFTA01553904

Dataset 10

June 30, 200494 pages15,903 words

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01553904.pdf

Extracted Text

06 2004 Confidential FINANCIAL TRUST COMPANY INC Page 1 of 72 J.P. Morgan Portfolios June 1 - June 30, 2004 Table of Contents Page Account Summary Asset Account Portfolio Margin Account Portfolio JPMCB JPMSI 2 3 70 000000.0000.00.0000.000.000000000.000000 FINANCIAL TRUST COMPANY INC ATTN: JEFFREY E EPSTEIN C/O AMERICAN YACHT HARBOR 6100 RED HOOK, QUARTERS 4B3 ST THOMAS 00802 US VIRGIN ISLDS EFTA01553904 06 2004 Portfolio Summary FINANCIAL TRUST COMPANY INC June 01, 2004 - June 30, 2004 Page 2 of 72 Portfolio Summary Net Worth Summary Asset Portfolio USD Q 30171-00-5 Assets(Long) Cash S Short Term Equities Other Options Liabilities (Short) Cash S Short Term Other Options Total FE Gain/Loss Accrued Income Total Net Worth Income Summary Dividends Total 94,497,990.86 71,355,658.97 12,786,822.60 9,050,006.39 1,305,502.90 - 5,775,777.61 - 157,500.00 - 1,691,453.00 - 3,926,824.61 88,722,213.25 - 114,708.1261,065.98 88,668,571.11 Margin Portfolio USD 161121381 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 .00 0.00 0.00 94,497,990.86 71,355,658.97 12,786,822.60 9,050,006.39 1,305,502.90 - 5,775,777.61 - 157,500.00 - 1,691,453.00 - 3,926,824.61 88,722,213.25 - 114,708.1261,065.98 88,668,571.11 This Period 42,497.15 42,497.15 Year to Date 182,733.00 182,733.00 JPMorgan provides this Portfolio Summary for informational purposes. This summary includes informati on about assets held at JPMCB and JPMSI in accounts listed on the front page. Securities are not bank deposits or FDIC insured, are not obligations of or guaranteed by JPMCB or a EFTA01553905 ny of its bank of thrift affiliates (unless otherwise indicated), and are subject to investment risks, including possible loss of the pr incipal amount invested. Assets held in custody by JPMCB are not protected under the Securities Investor Protection Corporati on ("SIPC") insurance. Total USD EFTA01553906 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 3 of 72 Asset Account Portfolio June 1 - June 30, 2004 Table of Contents Portfolio Summary Cash and Short Term Equities Other Options Outstanding Foreign Exchange Contracts Trade Activity Account Transactions Account Officers D'ORAZIO/HORNAK Page 4 6 7 8 11 16 19 28 EFTA01553907 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 4 of 72 Overview Current Portfolio Summary Except for the Deposit Account (if elected), and the cash in your Asset Account, which are insured deposits with JPMCB, none of the investments referred to in this statement of your Asset Account, including mutual funds, are FDIC insured or bank deposits, obligations of or guaranteed by JPMCB or any of its bank or thrift affiliates (unless otherwise indicated). Such securities and other investments are subject to investment risks, including possible loss of the principal amount invested. See "Important Information about your JPMSI Brokerage Account" at the end of this Asset Account Portfolio. Asset Allocation 78% Cash and Short Term 14% Equities 8% Other Cash S Short Term Equities Other Options Total Foreign Exchange Accrued Income Total Portfolio Value Market Value USD Jun 30 71,198,158.97 12,786,822.60 7,358,553.39 - 2,621,321.71 88,722,213.25 - 114,708.12 61,065.98 88,668,571.11 Income Summary Dividends Total Net Gain/Loss Summary Net Short Term Gain/Loss Net Long Term Gain/Loss Total Prior Period Market Value USD May 31 87,138,872.82 13,465,312.74 - 3,757,741.98 - 5,467,207.26 91,379,236.32 - 2,639,866.08 42,497.15 88,781,867.39 This Period USD 42,497.15 42,497.15 Year to Date USD* 182,733.00 182,733.00 Tax Cost USD 71,198,158.98 8,003,201.28 - 2,352,745.65 76,848,614.61 Estimated Annual Income USD 776,771.91 Yield 1.1 0.0 EFTA01553908 0.0 776,771.91 N/A N/A 0.9 Realized This Period USD Realized Year to Date USD* - 2,371,188.83 - 2,371,188.83 7,464,729.35 7,464,729.35 •Year to date information is calculated on a calendar year basis. Exchange Rates Spot Rates as of June 30, 2004 Market value of Options is not included in pie chart. Currency AUD CHF Exchange Rate 0.6966 1.2524 Unrealized USD - 40,873.39 - 310,879.62 - 351,753.01 EFTA01553909 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 5 of 72 Exchange Rates Spot Rates as of June 30, 2004 Currency EUR GBP HKD HUF JPY NZD THB TWD ZAR Exchange Rate 1.2166 1.8135 7.7998 206.1176 109.1150 0.6351 40.8850 33.6400 6.2123 EFTA01553910 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 6 of 72 Cash and Short Term Summary by Maturity Current Market Value USD Adjusted Cash Balance Total 71,198,158.97 71,198,158.97 Estimated Annual Income USD 776,771.91 776,771.91 Current yield is displayed for instruments with no maturity and YTM on market is displayed for instr uments that mature. Cash and Short Term by Type Description Cusip/S&P/Moody's Rating Cash JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 7-Day Annualized Yield: 1.03% POUND STERLING COST OF PENDING PURCHASES PROCEEDS FROM PENDING SALES Adjusted Cash Balance USD 71,010,158.72 1.00 1.00 71,010,158.72 71,010,158.72 61,065.98 GBP USD USD 0.14 - 157,500 345,500 1.857143 1.00 1.00 1.8135 1.00 1.00 0.26 - 157,500.00 345,500.00 71,198,158.98 0.25 - 157,500.00 345,500.00 71,198,158.97 61,065.98 - 0.01 - 0.01 - 1,718.33 3,769.41 774,720.83 1.09 Currency/ Unit Cost Adjusted Account Type Quantity Original Market Price Tax Cost Adjusted Original EFTA01553911 Market Value USD Accrued Interest USD Unrealized Gain/Loss USD Estimated Current Annual Yield/ Income USD YTM Current N/A 1.09 1.09 776,771.91 1.09 EFTA01553912 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 7 of 72 Equities Equity Holdings in Alphabetical Order Description Cusip/Symbol CurrenCyi Account Type Quantity unit Cost Current Market Price Tax Cost Current Market Value USD USD Accrued Dividends USD Estimated Unrealized Gain/Loss USD Annual Dividend Income USD Yield TOO INC 890333-10-7 TOO 765,678 are liened USD Total Equity 765,678 765,678 16.70 12,786,822.60 12,786,822.60 N/A 0.00 N/A 0.0 EFTA01553913 06 Other Swaps in Alphabetical Order Description WALT DISNEY CO EQUITY SWAP 24,954,900 USD NOTIONAL JAN 19 2005 DEAL REF f 2353480 SWPBDA-FL-1 N/0 Client WALT DISNEY CO TOTAL RETURN SWAP 11,920,650 USD NOTIONAL FEB 14 2005 DEAL REF f 2361214 SWPBDA-FV-9 N/0 Client INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.72% AUD SEMI-ANNUAL PAY: FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GV-8 N/0 Client - 157,228.00 758,420.36 Trade Date Maturity Date Estimated Value USD 371,561.53 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 8 of 72 EFTA01553914 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 9 of 72 Swaps in Alphabetical Order Description continued Trade Date INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.14% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GW-6 N/0 Client INTEREST RATE SWAP 10,000,000 AUD NOTIONAL 3/9/2014 REC:FIXED RATE 5.68% AUD SEMI-ANNUAL PAY:FLOATING RATE AUD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GX-4 N/O Client INTEREST RATE SWAP 10,000,000 NZD NOTIONAL 3/9/2014 REC:FIXED RATE 6.11% NZD SEMI-ANNUAL PAY:FLOATING RATE NZD 3 MONTH BANK BILL RATE ACTUAL/365 SWPBDA-GY-2 N/O Client CROSS CURRENCY SWAP 10MM NZD NOTIONAL 6.51MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 6.26% NZD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HA-3 N/0 Client - 354,732.00 - 240,014.00 - 178,274.00 Maturity Date Estimated Value USD - 226,048.00 EFTA01553915 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 10 of 72 Swaps in Alphabetical Order Description continued Trade Date CROSS CURRENCY SWAP 10MM AUD NOTIONAL 7.41MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 5.84% AUD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY SWPBDA-HB-1 N/O Client Structured Investments in Alphabetical Order Description 6 MONTH CHF LINKED STRUCTURE 100% PRINCIPAL PROTECTED IN CHF JPMORGAN LONDON 12/6/2004 638998-9A-4 Bearer Total Other Maturity Date Estimated Value USD - 535,157.00 Market Value USD Unrealized Estimated Annual Currency CHF Quantity 10,000,000 Unit Cost 100.00 PriCe/Unit 99.1903 Tax Cost 8,003,201.28 Accrued Income USD 7,920,024.50 Gain/Loss USD - 83,176.78 Income USD Yield % N/A 10,000,000 8,003,201.28 7,358,553.39 - 83,176.78 EFTA01553916 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 11 of 72 Options Foreign Exchange Description Cusip HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 211. KNOCK IN @ 220 XHUFPA-AI-Z HUF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 16, 2004 @ 212. KNOCK IN @ 220 XHUFPA-AJ-Z JPY PUT USD CALL FX EUROPEAN STYLE OPTION NOV 04, 2004 @ 111. KNOCK IN TRIGGERED @ 112.5 KNOCK OUT @ 106.25 XJPYPA-JW-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .69 KNOCK IN @ .67 XAUDPA-DN-Z EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 @ 1.1 XEURPA-OP-Z EUR 20,000,000 USD 22,000,000.00 USD 96,800.00 96,800.00 66,956.20 - 29,843.80 AUD - 4,000,000 USD - 2,760,000.00 USD - 91,908.00 - 91,908.00 - 76,307.88 15,600.12 JPY -1,110,000,000 USD - 10,000,000.00 USD - 138,000.00 - 138,000.00 - 97,191.60 40,808.40 HUF -1,696,000,000 USD - 8,000,000.00 USD - 424,000.00 - 424,000.00 - 177,147.20 246,852.80 Counter Amount Currency Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD HUF -1,002,250,000 USD - 4,750,000.00 USD - 277,875.00 - 277,875.00 - 111,790.97 166,084.03 EFTA01553917 06 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 12 of 72 Foreign Exchange Description HUF PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2004 @ 215. KNOCK IN @ 225 KNOCK OUT @ 202 XHUFPA-AL-Z NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .6450 XNZDCA-CM-Z AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN @ .7250 KNOCK OUT @ .65 XAUDCA-CD-Z NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .6450 XNZDCA-CN-Z NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 KNOCK IN @ .6515 XNZDCA-CO-Z P ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 KNOCK IN @ 5.95 XZARCA-AI-Z ZAR - 61,800,000 USD - 10,000,000.00 USD - 164,000.00 - 164,000.00 0.00 164,000.00 NZD - 27,000,000 USD - 17,280,000.00 USD - 369,792.00 - 369,792.00 - 424,900.89 - 55,108.89 NZD - 22,000,000 USD - 13,750,000.00 USD - 398,750.00 - 398,750.00 - 483,511.60 - 84,761.60 AUD - 10,000,000 USD - 6,900,000.00 USD - 124,890.00 - 124,890.00 - 182,261.10 - 57,371.10 NZD - 10,000,000 USD - 6,250,000.00 USD - 163,750.00 - 163,750.00 - 219,778.00 - 56,028.00 Counter Amount Currency continued HUF -2,580,000,000 USD - 12,000,000.00 USD - 451,200.00 - 451,200.00 - 253,639.80 197,560.20 Counter Premium Amount Currency EFTA01553918 Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553919 06 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 13 of 72 Foreign Exchange Description P CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 @ 1.27 KNOCK IN @ 1.29 KNOCK OUT @ 1.2360 XCHFPA-DR-2 P CHF CALL USD PUT FX EUROPEAN STYLE OPTION OCT 29, 2004 @ 1.26 KNOCK OUT @ 1.23 KNOCK OUT @ 1.31 BARRIER EXP 7/14/04 XCHFCA-DP-2 HKD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 23, 2004 @ 7.833 XHKDPA-AH-2 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.25 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TP-2 EUR CALL USD PUT FX EUROPEAN STYLE OPTION NOV 01, 2004 @ 1.3 KNOCK OUT @ 1.1375 KNOCK OUT @ 1.21 BARRIER EXP 12/1/03 XEURCA-TQ-2 EUR 10,000,000 USD 13,000,000.00 USD 56,447.00 56,447.00 300,314.40 243,867.40 EUR 5,000,000 USD 6,250,000.00 USD 49,186.20 49,186.20 855,162.45 805,976.25 HKD 156,660,000 USD 20,000,000.00 USD 312,280.00 312,280.00 1,400.54 - 310,879.46 CHF 11,340,000 USD 9,000,000.00 USD 157,500.00 157,500.00 0.00 - 157,500.00 Counter Amount Currency continued CHF - 19,050,000 USD - 15,000,000.00 USD - 181,500.00 - 181,500.00 0.00 181,500.00 Counter Premium Amount Currency Premium Local Premium USD EFTA01553920 Current Market Value USD Unrealized Gain/Loss USD EFTA01553921 06 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 14 of 72 Foreign Exchange Description AUD PUT USD CALL FX EUROPEAN STYLE OPTION OCT 11, 2004 @ .7775 KNOCK IN TRIGGERED @ .7565 KNOCK OUT @ .8020 XAUDPA-CQ-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DC-Z NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 XNZDPA-DB-Z GBP PUT USD CALL FX EUROPEAN STYLE OPTION AUG 20, 2004 @ 1.875 KNOCK IN TRIGGERED @ 1.8375 XGBPPA-GN-Z AUD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .77 KNOCK IN @ TRIGGERED @ .755 KNOCK OUT @ .7965 XAUDPA-DH-Z THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 @ 36. XTHBCA-AC-Z THB 2,700,000,000 USD 75,000,000.00 USD 405,000.00 405,000.00 1,377.00 - 403,623.00 AUD - 1,500,000 USD - 1,155,000.00 USD - 23,561.94 - 23,561.94 - 127,266.27 - 103,704.33 GBP - 5,750,000.66 USD - 10,781,251.24 USD - 349,312.54 - 349,312.54 - 425,246.24 - 75,933.70 NZD - 1,986,500 USD - 1,350,820.00 USD - 61,192.17 - 61,192.17 - 119,858.34 - 58,666.17 NZD - 14,450,000 USD - 9,826,000.00 USD - 407,779.00 - 407,779.00 - 871,861.56 - 464,082.56 Counter Amount Currency continued AUD - 4,000,000 USD - 3,110,000.00 USD - 106,673.20 - 106,673.20 - 356,063.16 - 249,389.96 EFTA01553922 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD EFTA01553923 06 Cusip JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 15 of 72 Foreign Exchange Description THB CALL USD PUT FX EUROPEAN STYLE OPTION FEB 23, 2005 8 38. XTHECA-AB-2 TWD CALL USD PUT FX EUROPEAN STYLE OPTION MAR 01, 2005 8 32.75 XTWDCA-AB-2 Total Foreign Exchange Exchange-listed options are valued using market prices at the close of business for statement date. Over-The-Counter (OTC) options are valued at Mid-Market, unless otherwise agreed. See: Important Information about Pricing and Valuations. - 2,352,745.65 - 2,621,321.71 - 268,576.22 TWD 327,500,000 USD 10,000,000.00 USD 196,000.00 196,000.00 73,350.18 - 122,649.82 Counter Amount Currency continued THB 351,500,000 USD 9,250,000.00 USD 108,225.00 108,225.00 6,942.13 - 101,282.87 Counter Premium Amount Currency Premium Local Premium USD Current Market Value USD Unrealized Gain/Loss USD Important Information about Pricing and Valuations Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values. Valuations of over-the-counter derivative transactions, including certain derivatives-related deposi t products, have been prepared on a mid-market basis. These valuations are indicative values as of t he close of business of the date of this statement and, except as otherwise agreed in writing, these valuations do not represent the actual terms at wh ich transactions or securities could be bought or sold or new transactions could be entered into, or the actual terms on which existing transactions or securities could be liquidated as of the date of this statement. We do not warrant their completenes s or accuracy. These valuations are derived from proprietary models based upon well recognized finan cial principles and we have, when necessary to calculate the present value of future cash flows, made reasonable estimates about relevant future ma rket conditions. Valuations based on other models or different assumptions may yield different resul ts. Morgan expressly disclaims any responsibility for (1) the accuracy of the models or estimates used in deriving the valuations, (2) any errors or o missions in computing or disseminating the valuations, and (3) any uses to which the valuations are put. Valuations are provided for information purposes only and are intended solely for your own use. Please refer to the trade confirmation for d etails of each transaction. EFTA01553924 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 16 of 72 Outstanding Foreign Exchange Contracts Net Currency Exposure Summary Swiss Franc Euro Currency Pound Sterling U S Dollar Value in Currency 15,200,000.00 - 10,000,000.00 2,000,000.00 - 3,073,243.37 Gain/Loss Summary Total Unrealized Closed Value in USD Total Unrealized Open Total Unrealized Gain/Loss - 55,000.01 - 59,708.11 - 114,708.12 Foreign Exchange Contracts Settlement Date Trade Date SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Feb. 20 04 Aug. 24 04 AUD Feb. 20 04 Aug. 24 04 AUD Mar. 1 04 Aug. 24 04 AUD Total Closed Jun. 10 04 Jul. 14 04 AUD Apr. 16 04 Oct. 20 04 AUD Apr. 23 04 Oct. 20 04 AUD Total Open Total SWISS FRANC Jun. 4 04 Jul. 8 04 CHF Jun. 16 04 Jul. 8 04 CHF 7,500,000.00 USD 7,500,000.00 USD - 15,000,000.00 USD 0.00 - 13,000,000.00 USD 10,000,000.00 USD 3,000,000.00 USD 0.00 0.00 - EURO CURRENCY 22,839,000.00 EUR 15,200,000.00 EUR - 15,000,000.00 - 10,000,000.00 1.5226 1.52 1.523116 1.523116 18,240,186.94 12,139,359.93 18,246,369.15 12,164,246.10 - 6,182.21 - 24,886.17 - 5,676,750.00 - 5,639,250.00 11,347,500.00 31,500.00 9,003,800.00 - 7,289,000.00 - 2,148,600.00 - 433,800.00 - 402,300.00 EFTA01553925 0.7569 0.7519 0.7565 0.6926 0.7289 0.7162 0.692268 0.692268 0.692268 0.695436 0.688194 0.688194 5,192,012.37 5,192,012.37 11,347,500.00 21,731,524.74 9,003,800.00 6,881,944.22 2,064,583.26 17,950,327.48 39,681,852.22 5,676,750.00 5,639,250.00 10,384,024.74 21,700,024.74 9,040,673.94 7,289,000.00 2,148,600.00 18,478,273.94 40,178,298.68 - 484,737.63 - 447,237.63 963,475.26 31,500.00 - 36,873.94 - 407,055.78 - 84,016.74 - 527,946.46 - 496,446.46 Currency Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD EFTA01553926 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 17 of 72 Foreign Exchange Contracts Settlement Date Currency Jun. 21 04 Jul. 8 04 CHF Jun. 21 04 Jul. 8 04 CHF Total Open continued Amount Counter Currency - 15,226,000.00 EUR - 7,613,000.00 EUR 15,200,000.00 EURO CURRENCY - U S DOLLAR May. 17 04 Aug. 6 04 EUR May. 27 04 Aug. 6 04 EUR Feb. 20 04 Aug. 24 04 EUR Mar. 1 04 Aug. 24 04 EUR Apr. 16 04 Oct. 20 04 EUR Apr. 23 04 Oct. 20 04 EUR May. 3 04 Oct. 20 04 EUR May. 11 04 Oct. 20 04 EUR May. 17 04 Oct. 20 04 EUR Total Closed Jun. 21 04 Jul. 8 04 EUR Jun. 21 04 Jul. 8 04 EUR Total Open Total Feb. 23 04 Aug. 24 04 GBP Mar. 1 04 Aug. 24 04 GBP Jun. 10 04 Jul. 14 04 GBP Jun. 25 04 Jul. 14 04 GBP Apr. 16 04 Oct. 20 04 GBP Apr. 23 04 Oct. 20 04 GBP Total Open Total - 5,000,000.00 USD 5,000,000.00 USD 7,500,000.00 USD - 7,500,000.00 USD 10,000,000.00 USD 3,000,000.00 USD - 10,000,000.00 USD - 1,500,000.00 USD - 1,500,000.00 USD 0.00 - 103,516.92 USD - 49,747.94 USD - 153,264.86 - 153,264.86 POUND STERLING - U S DOLLAR Total Closed 10,000,000.00 USD - 10,000,000.00 USD 0.00 - 8,000,000.00 USD - 3,000,000.00 USD 10,000,000.00 USD 3,000,000.00 USD 2,000,000.00 2,000,000.00 Counter Amount 10,103,516.92 5,049,747.94 - 9,846,735.14 5,993,500.00 - 6,127,000.00 EFTA01553927 - 9,395,250.00 9,287,250.00 - 11,971,000.00 - 3,536,700.00 11,883,000.00 1,766,100.00 1,796,100.00 - 304,000.00 125,069.14 60,135.31 185,204.45 - 118,795.55 - 18,337,000.00 18,404,000.00 67,000.00 14,679,200.00 5,455,800.00 - 17,725,000.00 - 5,232,300.00 - 2,822,300.00 - 2,755,300.00 Contract Rate 1.507 1.5076 Current Market Forward Rate 1.523116 1.523116 Market Value Receivables USD 12,290,166.62 6,142,637.66 48,812,351.15 1.1987 1.2254 1.2527 1.2383 1.1971 1.1789 1.1883 1.1774 1.1974 1.2082 1.2088 0.822528 0.822528 0.822747 0.822747 0.823045 0.823045 0.823045 0.823045 0.823045 0.822081 0.822081 5,993,500.00 6,078,819.97 9,115,799.96 9,287,250.00 12,150,007.75 3,645,002.32 11,883,000.00 1,766,100.00 1,796,100.00 61,715,580.00 125,069.14 60,135.31 185,204.45 61,900,784.45 1.8337 1.8404 1.8349 1.8186 1.7725 1.7441 1.804587 1.804587 1.81121 1.81121 EFTA01553928 1.795735 1.795735 18,045,866.55 18,404,000.00 36,449,866.55 14,679,200.00 5,455,800.00 17,957,350.88 5,387,205.26 43,479,556.14 79,929,422.69 Market Value Payables USD 12,160,124.62 6,080,062.31 48,650,802.18 6,078,819.97 6,127,000.00 9,395,250.00 9,115,799.96 11,971,000.00 3,536,700.00 12,150,007.75 1,822,501.16 1,822,501.16 62,019,580.00 125,920.52 60,514.61 186,435.13 62,206,015.13 18,337,000.00 18,045,866.55 36,382,866.55 14,489,687.92 5,433,632.97 17,725,000.00 5,232,300.00 42,880,620.89 79,263,487.44 Unrealized Gain/Loss USD 130,042.00 62,575.35 161,548.97 - 85,319.97 - 48,180.03 - 279,450.04 171,450.04 179,007.75 108,302.32 - 267,007.75 - 56,401.16 - 26,401.16 - 304,000.00 - 851.38 - 379.30 - 1,230.68 - 305,230.68 - 291,133.45 358,133.45 67,000.00 189,512.08 22,167.03 232,350.88 154,905.26 598,935.25 665,935.25 EFTA01553929 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 18 of 72 Foreign Exchange Contracts Settlement Date Currency HUNGARIAN FORINT - U S DOLLAR Jun. 10 04 Jul. 14 04 HUF Apr. 27 04 Oct. 20 04 HUF Apr. 28 04 Oct. 20 04 HUF Total Open JAPANESE YEN Jun. 10 04 Jul. 14 04 JPY Apr. 16 04 Oct. 20 04 JPY May. 25 04 Oct. 20 04 JPY Total Open continued Amount Counter Currency Counter Amount Contract Rate Current Market Forward Rate Market Value Receivables USD Market Value Payables USD Unrealized Gain/Loss USD - 1,694,220,000.00 USD 1,059,940,000.00 USD 634,280,000.00 USD 0.00 7,959,689.92 - 4,803,280.91 - 2,859,564.49 296,844.52 - U S DOLLAR - 518,050,000.00 USD 1,076,700,000.00 USD - 558,650,000.00 USD 0.00 N ZEALAND DOLLAR - U S DOLLAR Feb. 20 04 Aug. 24 04 NZD Feb. 23 04 Aug. 24 04 NZD Mar. 2 04 Aug. 24 04 NZD Mar. 11 04 Mar. 15 05 NZD Mar. 23 04 Mar. 15 05 NZD Total Closed Jun. 10 04 Jul. 14 04 NZD Apr. 16 04 Oct. 20 04 NZD May. 27 04 Oct. 20 04 NZD May. 27 04 Oct. 20 04 NZD Total Open Total 5,000,000.00 USD 5,000,000.00 USD - 10,000,000.00 USD 5,000,000.00 USD - 5,000,000.00 USD 0.00 - 20,000,000.00 USD 10,000,000.00 USD 5,000,000.00 USD 5,000,000.00 USD 0.00 0.00 Total Foreign Exchange Contracts 4,735,807.66 EFTA01553930 - 10,000,000.00 5,000,000.00 - 264,192.34 - 3,315,000.00 - 3,344,500.00 6,742,000.00 - 3,102,500.00 3,170,500.00 150,500.00 12,550,000.00 - 6,276,000.00 - 3,127,000.00 - 3,127,000.00 20,000.00 170,500.00 109.39 107.67 111.73 109.052610 108.505567 108.505567 4,735,807.66 9,922,993.17 5,000,000.00 19,658,800.83 0.663 0.6689 0.6742 0.6205 0.6341 0.6275 0.6276 0.6254 0.6254 0.630567 0.630567 0.630567 0.616595 0.616595 0.633915 0.626147 0.626147 0.626147 3,152,836.40 3,152,836.40 6,742,000.00 3,082,973.37 3,170,500.00 19,301,146.17 12,550,000.00 6,261,473.25 3,130,736.62 3,130,736.62 25,072,946.49 44,374,092.66 310,290,864.05 4,750,459.44 10,000,000.00 5,148,583.76 19,899,043.20 3,315,000.00 3,344,500.00 6,305,672.81 3,102,500.00 3,082,973.37 19,150,646.18 12,678,303.46 6,276,000.00 3,127,000.00 3,127,000.00 25,208,303.46 44,358,949.64 310,405,572.17 - 14,651.78 - 77,006.83 - 148,583.76 - 240,242.37 - 162,163.60 - 191,663.60 EFTA01553931 436,327.19 - 19,526.63 87,526.63 150,499.99 - 128,303.46 - 14,526.75 3,736.62 3,736.62 - 135,356.97 15,143.02 - 114,708.12 212.85 220.67 221.81 206.962252 212.471481 212.471481 7,959,689.92 4,988,622.44 2,985,247.69 15,933,560.05 8,186,130.50 4,803,280.91 2,859,564.49 15,848,975.90 - 226,440.58 185,341.53 125,683.20 84,584.15 EFTA01553932 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 19 of 72 Trade Activity Realized Gain/Loss Summary Short Term Gain/Loss Long Term Gain/Loss Note: indicates Short Term Realized Gain/Loss indicates Long Term Realized Gain/Loss S L Capital gains and losses on sales with missing or incomplete tax cost are identified with N/A. Trade Date Settlement Date Settled Jun 1 Jun 3 Write Option CHF PUT EUR CALL Jun 1 Jun 3 Buy-Back Opt FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.535 KNOCK IN @ 1.54 EUR PUT CHF CALL Jun 1 Jun 3 Buy-Back Opt FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 EUR PUT CHF CALL Jun 4 Jun 8 Purchase Opt FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 @ 1.1 USD - 15,350,000 0.265 32,383.00 Realized Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD Amount USD - 1,998,174.47 0.00 USD 7,262,295 - 33,057.10 31,765.08 - 1,292.02 S USD 10,262,295 - 46,713.90 42,394.00 - 4,319.90 S USD 20,000,000 0.44 - 96,800.00 EFTA01553933 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 20 of 72 Settlement Date Realized Type Settled continued Jun 8 Jun 10 Buy-Back Opt GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.83 Jun 8 Jun 10 Write Option Jun 8 Jun 10 Write Option Jun 9 Jun 11 Buy-Back Opt KNOCK IN TRIGGERED @ 1.86 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.835 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.825 EUR CALL USD PUT Jun 9 Jun 11 Write Option Jun 9 Jun 11 write Option Jun 9 Jun 14 Purchase FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.185 KNOCK IN TRIGGERED @ 1.2 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.215 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.1975 6 MONTH CHF BASKET STRUCTURE 100% PRINCIPAL PROTECTED IN USD JPMORGAN CHASE LONDON EXPIRES 12/15/004 PRICED IN CHF Jun 10 Jun 15 Buy-Back Opt AUD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 16, 2004 @ .69 Jun 10 Jun 15 Write Option KNOCK IN TRIGGERED @ .71 AUD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 16, 2004 @ .6975 USD - 5,000,000 0.725 25,284.00 CHF 10,000,000 100.00 - 10,000,000.00 USD USD USD - 5,000,000 - 5,000,000 5,000,000 0.48 0.28 44,040.00 25,550.00 - 112,575.00 59,487.08 - 53,087.92 S USD 5,000,000 - 59,704.00 91,500.00 EFTA01553934 31,796.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD USD - 10,000,000 0.195 - 10,000,000 0.195 23,693.00 23,351.00 USD 5,000,000 - 53,044.00 48,645.00 - 4,399.00 S EFTA01553935 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 21 of 72 Settlement Date Realized Type Settled continued Jun 10 Jun 15 Write Option Jun 10 Jun 14 Buy-Back Opt AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 16, 2004 @ .6875 EUR CALL USD PUT Jun 10 Jun 14 FX Option Assi FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.185 KNOCK IN TRIGGERED @ 1.2 NZD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 10, 2004 @ .62 Jun 10 Jun 14 Write Option Jun 10 Jun 14 Write Option Jun 10 Jun 14 FX Opt Asgn'D KNOCK IN TRIGGERED @ .635 NZD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 17, 2004 @ .6375 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 17, 2004 @ .6275 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD Jun 14 Jun 16 Buy-Back Opt GBP CALL USD PUT Jun 15 Jun 17 Buy-Back Opt Jun 15 Jun 15 Expired Opt Jun 15 Jun 15 Expired Opt FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.835 AUD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 16, 2004 @ .6975 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.215 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.1975 USD USD USD USD USD - 15,000,000 5,000,000 5,000,000 10,000,000 10,000,000 1.612 9,300,000.00 - 2,532.00 - 1,744.00 0.00 0.00 - 9,475,178.40 44,040.00 25,284.00 23,693.00 23,351.00 - 175,178.40 EFTA01553936 41,508.00 S 23,540.00 S 23,693.00 S 23,351.00 S USD USD - 15,000,000 - 15,000,000 0.44 0.566 42,120.00 53,310.00 USD USD - 5,000,000 7,000,000 0.16 5,500.00 - 178,135.00 83,281.92 - 94,853.08 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD 15,000,000 0.00 91,140.00 91,140.00 S EFTA01553937 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 22 of 72 Settlement Date Realized Type Settled continued Jun 15 Jun 17 FX Option AssiGBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.825 Jun 15 Jun 17 FX Opt Asgn'D Jun 16 Jun 16 Expired Opt Jun 17 Jun 21 FX Option Assi Jun 17 Jun 21 FX Opt Asgn'D Jun 18 Jun 22 Write Option SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 16, 2004 @ .6875 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 17, 2004 @ .6275 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY NZD SELL USD HUF PUT USD CALL Jun 21 Jun 21 Expired Opt Jun 23 Jun 25 Write Option FX EUROPEAN STYLE OPTION DEC 20, 2004 @ 215. KNOCK IN @ 225 KNOCK OUT @ 202 NZD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 17, 2004 @ .6375 AUD CALL USD PUT Jun 23 Jun 25 Write Option FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN @ .7250 KNOCK OUT @ .65 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .6450 USD 15,000,000 USD -2,580,000,000 1.593 3.76 - 9,412,500.00 451,200.00 9,412,500.00 USD USD USD 5,000,000 5,000,000 15,000,000 1.825 - 9,125,000.00 0.00 0.00 9,125,000.00 5,500.00 53,310.00 5,500.00 S 53,310.00 S EFTA01553938 USD 5,000,000 0.00 25,550.00 25,550.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD USD 15,000,000 0.00 - 10,000,000 1.81 124,890.00 42,120.00 42,120.00 S USD - 10,000,000 2.62 163,750.00 EFTA01553939 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 23 of 72 Settlement Date Realized Type Settled continued Jun 23 Jun 25 Write Option Jun 24 Jun 28 Write Option ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 24, 2004 @ 6.2675 NZD CALL USD PUT Jun 24 Jun 28 Write Option FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .6450 NZD CALL USD PUT Jun 24 Jun 28 FX Option Assi Jun 24 Jun 28 FX Opt Asgn'D FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 KNOCK IN @ .6515 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 24, 2004 @ 6.2675 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL ZAR BUY USD Jun 25 Jun 28 Buy-Back Opt NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 Jun 25 Jun 28 Buy-Back Opt KNOCK IN TRIGGERED @ .6625 NZD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 13, 2004 @ .63 Jun 28 Jun 28 Expired Opt KNOCK IN TRIGGERED @ .60 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 10, 2004 @ .615 KNOCK IN TRIGGERED @ .60 KNOCK OUT @ .642 Issued in USD NZD 10,000,000 0.00 193,725.33 193,725.33 S USD 5,000,000 - 95,287.50 90,720.00 - 4,567.50 S USD USD - 12,535,000 2,200,000 6.267 2,000,000.00 - 138,380.00 - 1,998,405.74 62,084.00 1,594.26 S - 76,296.00 S USD USD - 62,675,000 - 22,000,000 EFTA01553940 0.30 2.90 30,000.00 398,750.00 Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD - 27,000,000 2.14 369,792.00 USD 12,535,000 0.00 6,000.00 6,000.00 S EFTA01553941 06 Trade Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 24 of 72 Settlement Date Realized Type Settled continued Jun 29 Jun 29 Expired Opt CHF PUT EUR CALL Jun 29 Jun 29 Expired Opt Jun 29 Jun 29 Expired Opt FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.535 KNOCK IN @ 1.54 EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 24, 2004 @ 6.2675 Issued in USD Trade Date Estimated Settlement Date Pending Jun 30 Jul 1 Purchase Opt CHF CALL USD PUT FX EUROPEAN STYLE OPTION OCT 29, 2004 @ 1.26 KNOCK OUT @ 1.23 Jun 30 Jul 1 Write Option KNOCK OUT @ 1.31 BARRIER EXP 7/14/04 CHF PUT USD CALL FX EUROPEAN STYLE OPTION SEP 30, 2004 @ 1.27 KNOCK IN @ 1.29 KNOCK OUT @ 1.2360 Jun 30 Jul 2 Write Option ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUL 30, 2004 @ 6.18 KNOCK IN @ 5.95 USD - 61,800,000 1.64 164,000.00 USD - 19,050,000 1.21 181,500.00 USD 11,340,000 1.75 - 157,500.00 Realized Gain/Loss Type Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost USD USD 15,350,000 0.00 32,383.00 EFTA01553942 32,383.00 S Description Currency Quantity Price/Unit Market Cost/Proceeds Tax Cost Gain/Loss USD USD ZAR 10,000,000 0.00 50,140,000 0.00 38,273.00 24,000.00 38,273.00 S 24,000.00 S EFTA01553943 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 25 of 72 Settled Foreign Exchange Contracts Trade Settlement Date Currency SPECULATIVE AUSTRALIA DOLLAR - U S DOLLAR Apr 29 04 Jun 1 04 May 11 04 Jun 15 04 May 14 04 Jun 15 04 May 17 04 Jun 15 04 Jun 10 04 Jun 15 04 Jun 15 04 Jun 18 04 Jun 16 04 Jun 18 04 SWISS FRANC Jun 9 04 Jun 9 04 Jun 11 04 Jun 11 04 Jun 7 04 Jun 7 04 Jun 7 04 AUD - 10,000,000.00 USD AUD - 3,000,000.00 USD AUD - 5,000,000.00 USD AUD - 5,000,000.00 USD 7,171,000.00 2,081,400.00 3,438,000.00 3,408,500.00 AUD 13,000,000.00 USD - 9,035,000.00 AUD - 5,000,000.00 USD AUD 5,000,000.00 USD - 3,436,000.00 - U S DOLLAR CHF - 2,495,000.00 USD CHF EURO CURRENCY - U S DOLLAR Mar 3 04 Mar 5 04 Mar 5 04 EUR Mar 16 04 Jun 7 04 Jun 18 04 Jun 29 04 Jun 21 04 Jun 29 04 Jun 7 04 Jun 7 04 Jun 8 04 1,997,278.26 2,495,000.00 USD - 1,996,798.72 5,000,000.00 USD - 6,073,500.00 EUR 10,000,000.00 USD - 12,395,000.00 EUR 20,000,000.00 USD - 24,726,000.00 EUR - 35,000,000.00 USD 42,952,000.00 EUR 10,000,000.00 USD - 12,105,000.00 EUR - 10,000,000.00 USD 12,102,000.00 POUND STERLING - U S DOLLAR Mar 3 04 Mar 5 04 Mar 5 04 Mar 16 04 Jun 8 04 May 11 04 Jun 14 04 GBP 10,000,000.00 USD - 18,106,000.00 GBP - 10,000,000.00 USD 18,290,000.00 GBP 10,000,000.00 USD - 18,295,000.00 GBP - 10,000,000.00 USD 18,012,000.00 GBP - 5,000,000.00 USD 1.249200 1.249500 EFTA01553944 1.214700 1.239500 1.236300 1.227200 1.210500 1. 8,752,500.00 1.810600 1.829000 1.829500 1.801200 1.750500 1.249500 1.249500 1.230996 1.230996 1.230996 1.230996 1.211607 1.211607 1.836041 1.836041 1.835368 1.835368 1.817521 1,997,278.26 - 1,996,798.72 - 6,073,500.00 - 12,395,000.00 - 24,726,000.00 - 1,996,798.72 1,996,798.72 6,154,982.45 12,309,964.91 24,619,929.83 42,952,000.00 - 43,084,877.20 - 12,105,000.00 12,102,000.00 - 12,116,071.96 - 18,106,000.00 18,360,414.94 18,290,000.00 - 18,360,414.94 - 18,295,000.00 18,012,000.00 - 18,353,675.32 8,752,500.00 18,353,675.32 - 9,087,604.50 12,116,071.96 479.54 3,436,000.00 0.717100 0.693800 0.687600 0.681700 0.695000 0.687200 0.687200 1.408650 1.450000 1.450000 1.450000 1.450000 0.687200 0.687200 7,171,000.00 2,081,400.00 3,438,000.00 3,408,500.00 - 9,035,000.00 3,436,000.00 - 3,436,000.00 - 7,098,995.49 - 2,068,965.51 - 3,448,275.86 - 3,448,275.86 8,965,517.24 - 3,436,000.00 3,436,000.00 72,004.51 12,434.49 EFTA01553945 - 10,275.86 - 39,775.86 - 69,482.76 Counter Amount Currency Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD 81,482.45 - 85,035.09 - 106,070.17 - 132,877.20 11,071.96 - 14,071.96 254,414.94 - 70,414.94 58,675.32 - 341,675.32 - 335,104.50 EFTA01553946 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 26 of 72 Settled Foreign Exchange Contracts Trade Settlement Date Currency May 12 04 Jun 14 04 May 17 04 Jun 14 04 May 19 04 Jun 14 04 Jun 10 04 Jun 14 04 Jun 10 04 Jun 14 04 Jun 15 04 Jun 17 04 Counter Amount Currency continued GBP - 5,000,000.00 USD GBP GBP - 4,000,000.00 USD GBP GBP GBP - 5,000,000.00 USD HUNGARIAN FORINT - U S DOLLAR May 12 04 Jun 14 04 May 17 04 Jun 14 04 Jun 10 04 Jun 14 04 JAPANESE YEN May 18 04 Jun 15 04 May 27 04 Jun 15 04 Jun 10 04 Jun 15 04 Jun 8 04 Jun 8 04 - U S DOLLAR JPY - 567,850,000.00 USD JPY 49,800,000.00 USD N ZEALAND DOLLAR - U S DOLLAR Mar 3 04 Mar 4 04 Mar 16 04 Jun 8 04 Mar 22 04 Jun 8 04 May 11 04 Jun 14 04 May 12 04 Jun 14 04 May 17 04 Jun 14 04 Jun 9 04 Jun 14 04 Jun 10 04 Jun 14 04 5,000,000.00 - 445,438.28 JPY 518,050,000.00 USD - 4,731,050.23 NZD 15,000,000.00 USD - 9,943,500.00 NZD 15,000,000.00 USD - 9,900,000.00 NZD - 10,000,000.00 USD 113.570000 111.800000 109.500000 6,450,000.00 NZD - 20,000,000.00 USD 13,118,000.00 NZD - 5,000,000.00 USD NZD - 5,000,000.00 USD NZD - 5,000,000.00 USD NZD - 5,000,000.00 USD NZD 20,000,000.00 USD - 12,600,000.00 3,017,000.00 3,033,500.00 2,971,500.00 3,134,500.00 0.662900 0.660000 0.645000 0.655900 0.603400 EFTA01553947 0.606700 0.594300 0.626900 0.630000 110.065000 110.065000 110.065000 1.596800 1.596800 1.596800 1.596800 1.588100 1.588100 1.588100 0.631901 0.629984 5,000,000.00 - 445,438.28 - 4,731,050.23 - 9,943,500.00 - 9,900,000.00 6,450,000.00 - 5,159,224.09 452,459.91 4,706,764.18 9,393,787.57 9,393,787.57 - 6,262,525.05 13,118,000.00 - 12,525,050.10 3,017,000.00 3,033,500.00 2,971,500.00 3,134,500.00 - 12,600,000.00 - 3,148,416.34 - 3,148,416.34 - 3,148,416.34 - 3,159,504.68 12,599,689.25 - 159,224.09 7,021.63 - 24,286.05 - 549,712.43 - 506,212.43 187,474.95 592,949.90 - 131,416.34 - 114,916.34 - 176,916.34 - 25,004.68 - 310.75 HUF- 1,396,450,000.00 USD HUF - 297,770,000.00 USD 8,850,500.00 1,000,000.00 USD - 1,767,000.00 7,103,600.00 8,000,000.00 USD - 14,720,000.00 5,000,000.00 USD - 9,219,500.00 9,096,000.00 6,478,242.71 1,394,968.61 HUF 1,694,220,000.00 USD - 8,029,478.67 1.770100 1.767000 1.775900 1.840000 1.843900 1.819200 215.560000 213.460000 211.000000 1.817521 1.817521 1.817521 1.840000 1.843900 1.825000 209.538178 209.538178 EFTA01553948 211.000000 8,850,500.00 - 1,767,000.00 7,103,600.00 - 14,720,000.00 - 9,219,500.00 9,096,000.00 6,478,242.71 1,394,968.61 - 8,029,478.67 - 9,087,604.50 1,817,520.90 - 7,270,083.60 14,720,000.00 9,219,500.00 - 9,125,000.00 - 6,664,417.98 - 1,421,077.54 8,029,478.67 - 237,104.50 50,520.90 - 166,483.60 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 29,000.00 - 186,175.27 - 26,108.93 EFTA01553949 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 27 of 72 Settled Foreign Exchange Contracts Trade Settlement Date Currency Jun 10 04 Jun 14 04 Jun 15 04 Jun 18 04 Jun 17 04 Jun 18 04 Jun 17 04 Jun 21 04 Jun 17 04 Jun 21 04 TRADE RELATED AUSTRALIA DOLLAR - U S DOLLAR SWISS FRANC Jun 16 04 Jun 17 04 Jun 9 04 Jun 11 04 AUD - U S DOLLAR CHF 10,000,000.00 USD - 8,003,201.28 N ZEALAND DOLLAR - U S DOLLAR Jun 16 04 Jun 18 04 NZD 280,284.94 USD - 176,383.31 1.249500 0.629300 1.249500 0.620000 - 8,003,201.28 - 176,383.31 8,003,201.28 173,776.66 - 2,606.65 276,000.00 USD - 189,777.60 0.687600 0.689655 - 189,777.60 190,344.83 567.23 Counter Amount Currency continued NZD 15,000,000.00 USD - 9,516,000.00 NZD - 10,000,000.00 USD NZD 10,000,000.00 USD - 6,274,000.00 NZD - 5,000,000.00 USD NZD - 10,000,000.00 USD S AFRICAN RAND - U S DOLLAR Jun 24 04 Jun 28 04 ZAR 12,535,000.00 USD - 1,998,405.74 6,274,000.00 3,111,000.00 6,271,000.00 0.634400 0.627400 0.627400 0.622200 0.627100 6.272500 0.634400 0.627400 0.627400 0.627500 0.627500 6.272500 - 9,516,000.00 6,274,000.00 - 6,274,000.00 EFTA01553950 3,111,000.00 6,271,000.00 - 1,998,405.74 9,516,000.00 - 6,274,000.00 6,274,000.00 - 3,137,500.00 - 6,275,000.00 1,998,405.74 Counter Amount Contract Rate Revaluation Rate Contracted/ Base Amount USD Revalued Amount USD Realized Gain/Loss USD - 26,500.00 - 4,000.00 EFTA01553951 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 28 of 72 Account Transactions by Currency Australia Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Australia Dollar Activity by Date Settlement Date Jun 1 Type Fwd FX Ctrct Quantity Description 7,171,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.717100000 TRADE 4/29/04 VALUE 6/01/04 Jun 1 Spot FX - 7,187,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.718700000 TRADE 5/28/04 VALUE 6/01/04 AUSTRALIA DOLLAR U S DOLLAR - 276,000.00 - 28,000,000.00 -00 - 84,037.89 - 276,000.00 - 263,500,000.00 28,276,000.00 10,000,000.00 253,776,000.00 .00 Amount to Date Realized Amount Gain/Loss USD - 88,004.51 - 10,000,000.00 - 7,098,995.49 Amount USD 10,000,000.00 7,187,000.00 EFTA01553952 06 Date Jun 9 Jun 9 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 29 of 72 Australia Dollar Activity by Date Settlement continued Realized Type Misc. Disbursement Misc. Disbursement Jun 15 Fwd FX Ctrct 2,081,400 Quantity Description IR SWAP PAYMENT REF 4 68425098 (5.68%) AUSTRALIA DOLLAR IR SWAP PAYMENT REF 4 68428625 (5.72%) AUSTRALIA DOLLAR SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.693800000 TRADE 5/11/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct 3,438,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.687600000 TRADE 5/14/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct 3,408,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.681700000 TRADE 5/17/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct - 9,035,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.695000000 TRADE 6/10/04 VALUE 6/15/04 Jun 17 Spot FX - 189,777.60 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.687600000 TRADE 6/16/04 VALUE 6/17/04 AUSTRALIA DOLLAR U S DOLLAR 3,966.63 - 0.01 Gain/Loss USD - 138,000.00 - 138,000.00 - 3,000,000.00 - 97,155.73 - 97,155.73 - 2,068,965.51 Amount Amount USD - 5,000,000.00 - 3,448,275.86 - 5,000,000.00 - 3,448,275.86 13,000,000.00 8,965,517.24 276,000.00 189,777.60 EFTA01553953 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 30 of 72 Australia Dollar Activity by Date Settlement continued Realized Type Jun 18 Spot FX Quantity Description 3,436,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.687200000 TRADE 6/15/04 VALUE 6/18/04 U S DOLLAR AUSTRALIA DOLLAR Jun 18 Spot FX - 3,436,000 SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.687200000 TRADE 6/16/04 VALUE 6/18/04 AUSTRALIA DOLLAR U S DOLLAR 5,000,000.00 3,436,000.00 Gain/Loss USD - 5,000,000.00 - 3,436,000.00 Amount Amount USD EFTA01553954 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 31 of 72 Account Transactions by Currency Euro Currency Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Euro Currency Activity by Date Settlement Date Jun 7 Type Fwd FX Ctrct Quantity Description - 6,073,500 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.214700000 TRADE 3/03/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct - 12,395,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.239500000 TRADE 3/05/04 VALUE 6/07/04 - 45,000,000.00 .00 .01 - 30,000,000.00 - 302,941,124.64 45,000,000.00 29,941,124.64 303,000,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 5,000,000.00 6,154,982.45 Amount USD 10,000,000.00 12,309,964.91 EFTA01553955 06 Date Jun 7 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 32 of 72 Euro Currency Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 24,726,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.236300000 TRADE 3/05/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct 42,952,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.227200000 TRADE 3/16/04 VALUE 6/07/04 Jun 29 Fwd FX Ctrct - 12,105,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.210500000 TRADE 6/18/04 VALUE 6/29/04 Jun 29 Fwd FX Ctrct 12,102,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.210200000 TRADE 6/21/04 VALUE 6/29/04 0.01 Gain/Loss USD 20,000,000.00 24,619,929.83 Amount Amount USD - 35,000,000.00 - 43,084,877.20 10,000,000.00 12,116,071.96 - 10,000,000.00 - 12,116,071.96 EFTA01553956 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 33 of 72 Account Transactions by Currency Hungarian Forint Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Hungarian Forint Activity by Date Settlement Date Type Jun 14 Fwd FX Ctrct Quantity Description 6,478,242.71 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 215.560000000 TRADE 5/12/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct 1,394,966.61 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 213.460000000 TRADE 5/17/04 VALUE 6/14/04 - 1,694,220,000.0 .00 56,016.85 - 2,120,000,000.0 - 12,713,570,000. 1,694,220,000.00 3,203,000,000.00 11,630,570,000.00 .00 Amount to Date Realized Amount Gain/Loss USD 46,171.54 -1,396,450,000.00 - 6,664,417.98 Amount USD 9,845.31 - 297,770,000.00 - 1,421,077.54 EFTA01553957 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 34 of 72 Hungarian Forint Activity by Date Settlement continued Realized Type Jun 14 Spot FX Quantity Description - 8,029,478.67 SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.000000000 TRADE 6/10/04 VALUE 6/14/04 HUNGARIAN FORINT U S DOLLAR Gain/Loss USD 1,694,220,000.00 8,029,478.67 Amount Amount USD EFTA01553958 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 35 of 72 Account Transactions by Currency Japanese Yen Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance Japanese Yen Activity by Date Settlement Date Type Jun 15 Fwd FX Ctrct Quantity Description 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 113.570000000 TRADE 5/18/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct - 445,438.28 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 111.800000000 TRADE 5/27/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct - 4,731,050.23 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 109.500000000 TRADE 6/10/04 VALUE 6/15/04 .00 567,850,000.00 - 567,850,000.00 .00 5,704,317,520.00 - 5,704,317,520.0 Amount to Date Realized Amount Gain/Loss USD - 567,850,000.00 - 5,159,224.09 Amount USD 49,800,000.00 452,459.91 518,050,000.00 4,706,764.18 EFTA01553959 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 36 of 72 Account Transactions by Currency N Zealand Dollar Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance Foreign Exchange Gains/Losses N Zealand Dollar Activity by Date Settlement Date Jun 1 Type Spot FX Quantity Description 6,227,885.32 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.625000000 TRADE 5/27/04 VALUE 6/01/04 U S DOLLAR N ZEALAND DOLLAR Jun 1 Sale - 10,000,000 3 MONTH NZD BULLISH FX DEPOSIT 100% PRINCIPAL PROTECTED IN NZD JPMORGAN CHASE LONDON MATURITY DATE 8/10/2004 9,964,616.52 6,227,885.32 - 280,284.94 - 99,964,616.52 -00 - 33,265.04 - 20,000,000.00 - 280,284.94 - 404,964,616.52 9,964,616.52 90,280,284.94 29,964,616.52 395,280,284.94 .00 Amount to sate Realized Amount Gain/Loss USD - 9,964,616.52 - 6,227,885.32 Amount USD EFTA01553960 06 Date Jun 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 37 of 72 N Zealand Dollar Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description - 9,943,500 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.662900000 TRADE 3/03/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct - 9,900,000 SETTLE FORWARD CURRENCY CONTRACT BUY NZD SELL USD CONTRACT RATE : 0.660000000 TRADE 3/04/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct 6,450,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.645000000 TRADE 3/16/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct 13,118,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.655900000 TRADE 3/22/04 VALUE 6/08/04 Jun 9 Jun 9 Misc. Disbursement Misc. Disbursement Jun 14 Fwd FX Ctrct 3,017,000 IR SWAP PAYMENT REF f 68425099 (6.11%) N ZEALAND DOLLAR IR SWAP PAYMENT REF f 68428624 (6.14%) N ZEALAND DOLLAR SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.603400000 TRADE 5/11/04 VALUE 6/14/04 - 11,088.35 0.01 Gain/Loss USD 15,000,000.00 9,393,787.57 Amount Amount USD 15,000,000.00 9,393,787.57 - 10,000,000.00 - 6,262,525.05 - 20,000,000.00 - 12,525,050.10 - 140,142.47 - 88,134.38 - 140,142.47 - 5,000,000.00 - 88,134.38 - 3,148,416.34 EFTA01553961 EFTA01553962 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 38 of 72 N Zealand Dollar Activity by Date Settlement continued Realized Type Jun 14 Fwd FX Ctrct Quantity Description 3,033,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.606700000 TRADE 5/12/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct 2,971,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.594300000 TRADE 5/17/04 VALUE 6/14/04 Jun 14 Spot FX 3,134,500 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.626900000 TRADE 6/09/04 VALUE 6/14/04 U S DOLLAR N ZEALAND DOLLAR Jun 14 Spot FX - 12,600,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.630000000 TRADE 6/10/04 VALUE 6/14/04 N ZEALAND DOLLAR U S DOLLAR Jun 14 Spot FX - 9,516,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.634400000 TRADE 6/10/04 VALUE 6/14/04 N ZEALAND DOLLAR U S DOLLAR Jun 14 FX Opt Asgn'D 9,300,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD TRADE 6/10/04 VALUE 6/14/04 20,000,000.00 12,600,000.00 Gain/Loss USD - 11,088.35 - 5,000,000.00 - 3,148,416.34 Amount Amount USD - 11,088.35 - 5,000,000.00 - 3,148,416.34 - 5,000,000.00 - 3,134,500.00 15,000,000.00 9,516,000.00 - 15,000,000.00 - 9,445,249.04 EFTA01553963 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 39 of 72 N Zealand Dollar Activity by Date Settlement continued Realized Type Jun 18 Spot FX Quantity Description 6,274,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.627400000 TRADE 6/15/04 VALUE 6/18/04 U S DOLLAR N ZEALAND DOLLAR Jun 18 Spot FX - 176,383.31 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.629300000 TRADE 6/16/04 VALUE 6/18/04 N ZEALAND DOLLAR U S DOLLAR Jun 18 Spot FX - 6,274,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.627400000 TRADE 6/17/04 VALUE 6/18/04 N ZEALAND DOLLAR U S DOLLAR Jun 21 Spot FX 3,111,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.622200000 TRADE 6/17/04 VALUE 6/21/04 U S DOLLAR N ZEALAND DOLLAR Jun 21 Spot FX 6,271,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.627100000 TRADE 6/17/04 VALUE 6/21/04 U S DOLLAR N ZEALAND DOLLAR - 10,000,000.00 - 6,271,000.00 280,284.94 176,383.31 Gain/Loss USD - 10,000,000.00 - 6,274,000.00 Amount Amount USD 10,000,000.00 6,274,000.00 - 5,000,000.00 - 3,111,000.00 EFTA01553964 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 40 of 72 N Zealand Dollar Activity by Date Settlement continued Realized Type Jun 21 FX Opt Asgn'D Quantity Description - 9,412,500 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY NZD SELL USD TRADE 6/17/04 VALUE 6/21/04 Jun 28 Expired Opt 10,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 10, 2004 @ .615 KNOCK IN TRIGGERED @ .60 KNOCK OUT @ .642 EXPIRATION OF WRITTEN FX OPTION OPTION KNOCKED OUT Gain/Loss USD 15,000,000.00 9,423,590.39 Amount Amount USD EFTA01553965 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 41 of 72 Account Transactions by Currency Pound Sterling Activity Summary Amount this Period Beginning Balance Credits Sales, Maturities, Redemptions Foreign Exchange Debits Foreign Exchange Ending Balance Foreign Exchange Gains/Losses Pound Sterling Activity by Date Settlement Date Jun 7 Type Fwd FX Ctrct Quantity Description - 18,106,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.810600000 TRADE 3/03/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct 18,290,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.829000000 TRADE 3/05/04 VALUE 6/07/04 Jun 8 Fwd FX Ctrct - 18,295,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.829500000 TRADE 3/05/04 VALUE 6/08/04 0.01 - 39,000,000.00 .14 - 311,728.29 - 160,699,999.86 39,000,000.00 13,000,000.00 147,700,000.00 .14 Amount to Date Realized Amount Gain/Loss USD 10,000,000.00 18,360,414.94 Amount USD - 10,000,000.00 - 18,360,414.94 10,000,000.00 18,353,675.32 EFTA01553966 06 Date Jun 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 42 of 72 Pound Sterling Activity by Date Settlement continued Realized Type Fwd FX Ctrct Quantity Description 18,012,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.801200000 TRADE 3/16/04 VALUE 6/08/04 Jun 14 Fwd FX Ctrct 8,752,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.750500000 TRADE 5/11/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct 8,850,500 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.770100000 TRADE 5/12/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 1,767,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.767000000 TRADE 5/17/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct 7,103,600 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.775900000 TRADE 5/19/04 VALUE 6/14/04 Jun 14 Spot FX - 14,720,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.840000000 TRADE 6/10/04 VALUE 6/14/04 POUND STERLING U S DOLLAR - 89,065.23 - 111,331.54 Gain/Loss USD - 10,000,000.00 - 18,353,675.32 Amount Amount USD - 5,000,000.00 - 9,087,604.50 - 111,331.53 - 5,000,000.00 - 9,087,604.50 1,000,000.00 1,817,520.90 - 4,000,000.00 - 7,270,083.60 8,000,000.00 14,720,000.00 EFTA01553967 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 43 of 72 Pound Sterling Activity by Date Settlement continued Realized Type Jun 14 Spot FX Quantity Description - 9,219,500 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.843900000 TRADE 6/10/04 VALUE 6/14/04 POUND STERLING U S DOLLAR Jun 17 FX Opt Asgn'D - 9,125,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 6/15/04 VALUE 6/17/04 Jun 17 Spot FX 9,096,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.819200000 TRADE 6/15/04 VALUE 6/17/04 U S DOLLAR POUND STERLING Gain/Loss USD 5,000,000.00 9,219,500.00 Amount Amount USD 5,000,000.00 9,165,062.78 - 5,000,000.00 - 9,096,000.00 EFTA01553968 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 44 of 72 Account Transactions by Currency S African Rand Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Foreign Exchange Ending Balance S African Rand Activity by Date Settlement Date Type Jun 28 Spot FX Quantity Description - 1,998,405.74 SPOT CURRENCY TRANSACTION - BUY BUY ZAR SELL USD SPOT RATE : 6.272500000 TRADE 6/24/04 VALUE 6/28/04 S AFRICAN RAND U S DOLLAR Jun 28 FX Opt Asgn'D 2,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL ZAR BUY USD TRADE 6/24/04 VALUE 6/28/04 Jun 29 Expired Opt 50,140,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 24, 2004 8 6.2675 EXPIRATION OF WRITTEN FX OPTION .00 12,535,000.00 - 12,535,000.00 .00 77,920,000.00 - 77,920,000.00 Amount to Date Realized Amount Gain/Loss USD 12,535,000.00 1,998,405.74 Amount USD - 12,535,000.00 - 2,020,145.04 EFTA01553969 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 45 of 72 Account Transactions by Currency Swiss Franc Activity Summary Amount this Period Beginning Balance Credits Debits Foreign Exchange Purchases of Securities Foreign Exchange Ending Balance Swiss Franc Activity by Date Settlement Date Type Jun 11 Spot FX Quantity Description - 8,003,201.28 SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.249500000 TRADE 6/09/04 VALUE 6/11/04 SWISS FRANC U S DOLLAR Jun 11 Spot FX 1,997,278.26 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.249200000 TRADE 6/09/04 VALUE 6/11/04 U S DOLLAR SWISS FRANC .00 12,495,000.00 - 10,000,000.00 - 2,495,000.00 -00 12,495,000.00 - 10,000,000.00 - 2,495,000.00 Amount to Date Realized Amount Gain/Loss USD 10,000,000.00 8,003,201.28 Amount USD - 2,495,000.00 - 1,997,278.26 EFTA01553970 06 Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 46 of 72 Swiss Franc Activity by Date Settlement continued Realized Type Jun 11 Spot FX Quantity Description - 1,996,798.72 SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.249500000 TRADE 6/09/04 VALUE 6/11/04 SWISS FRANC U S DOLLAR Jun 14 Purchase 10,000,000 6 MONTH CHF BASKET STRUCTURE 100% PRINCIPAL PROTECTED IN USD JPMORGAN CHASE LONDON EXPIRES 12/15/004 PRICED IN CHF Gain/Loss USD 2,495,000.00 1,996,798.72 Amount Amount USD - 10,000,000.00 - 8,003,201.28 EFTA01553971 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 47 of 72 Account Transactions by Currency U S Dollar Activity Summary Amount this Period USD Beginning Balance Credits Dividends Sweep Account Sales Sales, Maturities, Redemptions Miscellaneous Receipts Foreign Exchange Debits Sweep Account Purchases Purchases of Securities Miscellaneous Disbursements Foreign Exchange Ending Balance - 7,780,577.23 - 817,972.50 - 3,039,675.77 - 229,406,533.83 .00 *Year to date information is calculated on a calendar year basis. - 131,268,997.10 - 19,366,462.70 - 6,166,143.39 - 1,215,363,043.8 42,497.15 14,506,274.28 1,813,613.00 210,000.00 224,472,374.90 182,733.00 87,813,952.41 26,731,069.00 963,054.02 1,256,473,838.65 .00 Amount Year to Date USD* U S Dollar Activity by Date Type Settlement Date Jun 1 Dividend Quantity Description JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) Amount USD 42,497.15 EFTA01553972 06 Settlement Date Jun 1 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 48 of 72 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.717100000 TRADE 4/29/04 VALUE 6/01/04 Jun 1 Spot FX - 9,964,616.52 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.625000000 TRADE 5/27/04 VALUE 6/01/04 U S DOLLAR N ZEALAND DOLLAR Jun 1 Jun 1 Purchase Spot FX 6,254,382.47 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.718700000 TRADE 5/28/04 VALUE 6/01/04 AUSTRALIA DOLLAR U S DOLLAR Jun 3 Write Option - 15,350,000 CHF PUT EUR CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.535 KNOCK IN @ 1.54 WRITTEN FX OPTION PUT 15,350,000.00 CHF CALL 10,000,000.00 EUR TRADE DATE 06/01/04 - 6,254,382.47 - 7,187,000.00 Amount USD 7,171,000.00 6,227,885.32 32,383.00 EFTA01553973 06 Settlement Date Jun 3 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 49 of 72 U S Dollar Activity by Date Type continued Quantity Description Buy-Back Opt 7,262,295 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/01/04 Jun 3 Buy-Back Opt 10,262,295 EUR PUT CHF CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.525 KNOCK IN @ 1.52 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/01/04 Jun 3 Jun 7 Sale Fwd FX Ctrct - 47,388 5,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.214700000 TRADE 3/03/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.810600000 TRADE 3/03/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.239500000 TRADE 3/05/04 VALUE 6/07/04 47,388.00 - 6,073,500.00 - 46,713.90 Amount USD - 33,057.10 - 18,106,000.00 - 12,395,000.00 EFTA01553974 06 Settlement Date Jun 7 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 50 of 72 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.829000000 TRADE 3/05/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.236300000 TRADE 3/05/04 VALUE 6/07/04 Jun 7 Fwd FX Ctrct - 35,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.227200000 TRADE 3/16/04 VALUE 6/07/04 Jun 7 Receipt of Assets 1 INTEREST RATE SWAP 1,000,000,000 JPY NOTIONAL 6/7/2014 REC:FLOATING JPY 3 MONTH LIBOR PAY: FIXED RATE 1.605% JPY QUARTERLY ACTUAL/360 JPMORGAN CHASE BANK TRADE DATE 06/03/04 Jun 7 Jun 8 Sale Fwd FX Ctrct - 58,500 15,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SETTLE FORWARD CURRENCY CONTRACT BUY NED SELL USD CONTRACT RATE : 0.662900000 TRADE 3/03/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct 15,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY NED SELL USD CONTRACT RATE : 0.660000000 TRADE 3/04/04 VALUE 6/08/04 58,500.00 - 9,943,500.00 Amount USD 18,290,000.00 - 24,726,000.00 42,952,000.00 - 9,900,000.00 EFTA01553975 06 Settlement Date Jun 8 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 51 of 72 U S Dollar Activity by Date Type continued Quantity Description Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.829500000 TRADE 3/05/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.801200000 TRADE 3/16/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.645000000 TRADE 3/16/04 VALUE 6/08/04 Jun 8 Fwd FX Ctrct - 20,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.655900000 TRADE 3/22/04 VALUE 6/08/04 Jun 8 Purchase Opt 20,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION DEC 06, 2004 Q 1.1 PURCHASED FX OPTION PUT 20,000,000.00 EUR CALL 22,000,000.00 USD TRADE DATE 06/04/04 Jun 8 Sale - 655,300 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 655,300.00 Amount USD - 18,295,000.00 18,012,000.00 6,450,000.00 13,118,000.00 - 96,800.00 EFTA01553976 06 Settlement Date Jun 9 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 52 of 72 U S Dollar Activity by Date Type continued Quantity Description Misc. Disbursement CROSS CURRENCY SWAP 10MM NZD NOTIONAL 6.51MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 6.26% NZD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY IR SWAP PAYMENT FIXED - 18,466.70 LIBOR Jun 9 Misc. Disbursement CROSS CURRENCY SWAP 10MM AUD NOTIONAL 7.41MM USD NOTIONAL 3/9/2014 REC: FIXED RATE 5.84% AUD SEMI-ANNUAL PAY: FLOATING RATE USD 3 MONTH LIBOR QUARTERLY IR SWAP PAYMENT FIXED - 21,209.07 LIBOR Jun 9 Sale Jun 10 Buy-Back Opt - 39,675.77 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.83 KNOCK IN TRIGGERED @ 1.86 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/08/04 Jun 10 Write Option - 5,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.825 WRITTEN FX OPTION PUT 5,000,000.00 GBP CALL 9,125,000.00 USD TRADE DATE 06/08/04 25,550.00 Amount USD - 18,466.70 - 21,209.07 39,675.77 - 59,704.00 EFTA01553977 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 53 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 10 Write Option - 5,000,000 GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 a 1.835 WRITTEN FX OPTION CALL 5,000,000.00 GBP PUT 9,175,000.00 USD TRADE DATE 06/08/04 Jun 10 Purchase Jun 11 Spot FX 9,886 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.249500000 TRADE 6/09/04 VALUE 6/11/04 SWISS FRANC U S DOLLAR Jun 11 Spot FX - 2,495,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL CHF SPOT RATE : 1.249200000 TRADE 6/09/04 VALUE 6/11/04 U S DOLLAR SWISS FRANC Jun 11 Spot FX 2,495,000 SPOT CURRENCY TRANSACTION - BUY BUY CHF SELL USD SPOT RATE : 1.249500000 TRADE 6/09/04 VALUE 6/11/04 SWISS FRANC U S DOLLAR - 9,886.00 - 8,003,201.28 Amount USD 44,040.00 1,997,278.26 - 1,996,798.72 EFTA01553978 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 54 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 11 Buy-Back Opt 5,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.185 KNOCK IN TRIGGERED @ 1.2 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/09/04 Jun 11 Write Option - 10,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.215 WRITTEN FX OPTION CALL 10,000,000.00 EUR PUT 12,150,000.00 USD TRADE DATE 06/09/04 Jun 11 Write Option - 10,000,000 EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.1975 WRITTEN FX OPTION PUT 10,000,000.00 EUR CALL 11,975,000.00 USD TRADE DATE 06/09/04 Jun 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.603400000 TRADE 5/11/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.750500000 TRADE 5/11/04 VALUE 6/14/04 3,017,000.00 23,351.00 23,693.00 Amount USD - 112,575.00 8,752,500.00 EFTA01553979 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 55 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.606700000 TRADE 5/12/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.770100000 TRADE 5/12/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct 1,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY GBP SELL USD CONTRACT RATE : 1.767000000 TRADE 5/17/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL NZD CONTRACT RATE : 0.594300000 TRADE 5/17/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 4,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL GBP CONTRACT RATE : 1.775900000 TRADE 5/19/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 1,396,450,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 215.560000000 TRADE 5/12/04 VALUE 6/14/04 Jun 14 Fwd FX Ctrct - 297,770,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL HUF CONTRACT RATE : 213.460000000 TRADE 5/17/04 VALUE 6/14/04 Amount USD 3,033,500.00 8,850,500.00 - 1,767,000.00 2,971,500.00 7,103,600.00 6,478,242.71 1,394,968.61 EFTA01553980 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 56 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 14 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.626900000 TRADE 6/09/04 VALUE 6/14/04 U S DOLLAR N ZEALAND DOLLAR Jun 14 Spot FX 20,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.630000000 TRADE 6/10/04 VALUE 6/14/04 N ZEALAND DOLLAR U S DOLLAR Jun 14 Spot FX 8,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.840000000 TRADE 6/10/04 VALUE 6/14/04 POUND STERLING U S DOLLAR Jun 14 Spot FX 15,000,000 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.634400000 TRADE 6/10/04 VALUE 6/14/04 N ZEALAND DOLLAR U S DOLLAR Jun 14 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY GBP SELL USD SPOT RATE : 1.843900000 TRADE 6/10/04 VALUE 6/14/04 POUND STERLING U S DOLLAR - 12,600,000.00 Amount USD 3,134,500.00 - 14,720,000.00 - 9,516,000.00 - 9,219,500.00 EFTA01553981 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 57 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 14 Buy-Back Opt 7,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.185 KNOCK IN TRIGGERED @ 1.2 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/10/04 Jun 14 FX Option Assignment 15,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 10, 2004 @ .62 KNOCK IN TRIGGERED @ .635 WRITTEN FX OPTION ASSIGNED CALL 9,300,000.00 USD PUT 15,000,000.00 NZD TRADE DATE 06/10/04 Jun 14 FX Opt Asgn'D - 15,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL NZD BUY USD TRADE 6/10/04 VALUE 6/14/04 Jun 14 Sale Jun 14 Spot FX - 9,966,625.09 1,694,220,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY HUF SELL USD SPOT RATE : 211.000000000 TRADE 6/10/04 VALUE 6/14/04 HUNGARIAN FORINT U S DOLLAR 9,300,000.00 Amount USD - 178,135.00 9,966,625.09 - 8,029,478.67 EFTA01553982 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 58 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 14 Write Option - 15,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 17, 2004 8 .6375 WRITTEN FX OPTION CALL 15,000,000.00 NZD PUT 9,562,500.00 USD TRADE DATE 06/10/04 Jun 14 Write Option - 15,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 17, 2004 8 .6275 WRITTEN FX OPTION PUT 15,000,000.00 NZD CALL 9,412,500.00 USD TRADE DATE 06/10/04 Jun 15 Fwd FX Ctrct - 3,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.693800000 TRADE 5/11/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.687600000 TRADE 5/14/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct - 5,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL AUD CONTRACT RATE : 0.681700000 TRADE 5/17/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct - 567,850,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL JPY CONTRACT RATE : 113.570000000 TRADE 5/18/04 VALUE 6/15/04 2,081,400.00 53,310.00 Amount USD 42,120.00 3,438,000.00 3,408,500.00 5,000,000.00 EFTA01553983 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 59 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 15 Fwd FX Ctrct 49,800,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 111.800000000 TRADE 5/27/04 VALUE 6/15/04 Jun 15 Expired Opt 10,000,000 EUR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.215 Jun 15 Expired Opt 10,000,000 EXPIRATION OF WRITTEN FX OPTION EUR PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 @ 1.1975 EXPIRATION OF WRITTEN FX OPTION Jun 15 Fwd FX Ctrct 13,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY AUD SELL USD CONTRACT RATE : 0.695000000 TRADE 6/10/04 VALUE 6/15/04 Jun 15 Fwd FX Ctrct 518,050,000 SETTLE FORWARD CURRENCY CONTRACT BUY JPY SELL USD CONTRACT RATE : 109.500000000 TRADE 6/10/04 VALUE 6/15/04 Jun 15 Buy-Back Opt 5,000,000 AUD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 16, 2004 @ .69 KNOCK IN TRIGGERED @ .71 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/10/04 - 9,035,000.00 Amount USD - 445,438.28 - 4,731,050.23 - 53,044.00 EFTA01553984 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 60 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 15 Write Option - 5,000,000 AUD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 16, 2004 8 .6975 WRITTEN FX OPTION CALL 5,000,000.00 AUD PUT 3,487,500.00 USD TRADE DATE 06/10/04 Jun 15 Write Option - 5,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 16, 2004 8 .6875 WRITTEN FX OPTION PUT 5,000,000.00 AUD CALL 3,437,500.00 USD TRADE DATE 06/10/04 Jun 15 Free Delivery Jun 15 Sale Jun 16 Expired Opt - 34,400 TOO INC BEAR STEARNS SECURITIES CORP TRADE DATE 06/15/04 - 305,848.51 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 5,000,000 AUD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 16, 2004 8 .6875 Jun 16 Buy-Back Opt 5,000,000 EXPIRATION OF WRITTEN FX OPTION GBP CALL USD PUT FX EUROPEAN STYLE OPTION JUN 15, 2004 8 1.835 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/14/04 - 2,532.00 305,848.51 5,500.00 Amount USD 25,284.00 EFTA01553985 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 61 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 16 Sale Jun 16 Misc. Disbursement - 2,002,532 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) FUNDS TRANSFERRED FROM BRXRG AC# Q30171005 (PRN) TO DDA AC# 000739110438 LETTER FROM CLIENT Jun 17 FX Option Assignment 5,000,000 GBP PUT USD CALL FX EUROPEAN STYLE OPTION JUN 15, 2004 8 1.825 WRITTEN FX OPTION ASSIGNED CALL 5,000,000.00 GBP PUT 9,125,000.00 USD TRADE DATE 06/15/04 Jun 17 FX Opt Asgn'D 5,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY GBP SELL USD TRADE 6/15/04 VALUE 6/17/04 Jun 17 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL GBP SPOT RATE : 1.819200000 TRADE 6/15/04 VALUE 6/17/04 U S DOLLAR Jun 17 Buy-Back Opt 5,000,000 POUND STERLING AUD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 16, 2004 8 .6975 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/15/04 - 9,125,000.00 Amount USD 2,002,532.00 - 2,000,000.00 9,096,000.00 - 1,744.00 EFTA01553986 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 62 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 17 Sale Jun 17 Spot FX - 220,521.60 276,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY AUD SELL USD SPOT RATE : 0.687600000 TRADE 6/16/04 VALUE 6/17/04 AUSTRALIA DOLLAR U S DOLLAR Jun 18 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.627400000 TRADE 6/15/04 VALUE 6/18/04 U S DOLLAR N ZEALAND DOLLAR Jun 18 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL AUD SPOT RATE : 0.687200000 TRADE 6/15/04 VALUE 6/18/04 U S DOLLAR AUSTRALIA DOLLAR Jun 18 Spot FX 280,284.94 SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.629300000 TRADE 6/16/04 VALUE 6/18/04 N ZEALAND DOLLAR U S DOLLAR - 176,383.31 3,436,000.00 Amount USD 220,521.60 - 189,777.60 6,274,000.00 EFTA01553987 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 63 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 18 Spot FX 5,000,000 SPOT CURRENCY TRANSACTION - BUY BUY ADD SELL USD SPOT RATE : 0.687200000 TRADE 6/16/04 VALUE 6/18/04 AUSTRALIA DOLLAR U S DOLLAR Jun 18 sale Jun 18 Spot FX - 176,383.31 10,000,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY NZD SELL USD SPOT RATE : 0.627400000 TRADE 6/17/04 VALUE 6/18/04 N ZEALAND DOLLAR U S DOLLAR Jun 21 Expired Opt 15,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION JUN 17, 2004 8 .6375 EXPIRATION OF WRITTEN FX OPTION Jun 21 Spot FX - 5,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.622200000 TRADE 6/17/04 VALUE 6/21/04 U S DOLLAR N ZEALAND DOLLAR Jun 21 Spot FX - 10,000,000 SPOT CURRENCY TRANSACTION - SALE BUY USD SELL NZD SPOT RATE : 0.627100000 TRADE 6/17/04 VALUE 6/21/04 U S DOLLAR N ZEALAND DOLLAR 6,271,000.00 3,111,000.00 Amount USD - 3,436,000.00 176,383.31 - 6,274,000.00 EFTA01553988 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 64 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 21 FX Option Assignment 15,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION JUN 17, 2004 @ .6275 WRITTEN FX OPTION ASSIGNED CALL 15,000,000.00 NZD PUT 9,412,500.00 USD TRADE DATE 06/17/04 Jun 21 FX Opt Asgn'D 15,000,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION BUY NZD SELL USD TRADE 6/17/04 VALUE 6/21/04 Jun 21 Sale Jun 22 Write Option - 30,500 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) -2,580,000,000 HUF PUT USD CALL FX EUROPEAN STYLE OPTION DEC 20, 2004 @ 215. KNOCK IN @ 225 KNOCK OUT @ 202 WRITTEN FX OPTION PUT 2,580,000,000.00 HUF CALL 12,000,000.00 USD TRADE DATE 06/18/04 Jun 22 Purchase 451,200 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 451,200.00 - 9,412,500.00 Amount USD 30,500.00 451,200.00 EFTA01553989 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 65 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 24 Free Delivery - 1 INTEREST RATE SWAP 1,000,000,000 JPY NOTIONAL 6/7/2014 REC:FLOATING JPY 3 MONTH LIBOR PAY: FIXED RATE 1.605% JPY QUARTERLY ACTUAL/360 INTEREST RATE SWAP UNWIND JPMORGAN CHASE BANK TRADE DATE 06/22/04 Jun 24 Misc. Receipt INTEREST RATE SWAP 1,000,000,000 JPY NOTIONAL 6/7/2014 REC:FLOATING JPY 3 MONTH LIBOR PAY: FIXED RATE 1.605% JPY QUARTERLY ACTUAL/360 INTEREST RATE SWAP UNWIND Jun 24 Purchase Jun 25 Write Option 210,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) - 62,675,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 24, 2004 @ 6.2675 WRITTEN FX OPTION CALL 62,675,000.00 ZAR PUT 10,000,000.00 USD TRADE DATE 06/23/04 Jun 25 Write Option - 10,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .6450 WRITTEN FX OPTION CALL 10,000,000.00 NZD PUT 6,250,000.00 USD TRADE DATE 06/23/04 163,750.00 - 210,000.00 30,000.00 210,000.00 Amount USD EFTA01553990 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 66 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 25 Write Option - 10,000,000 AUD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .69 KNOCK IN @ .7250 KNOCK OUT @ .65 WRITTEN FX OPTION CALL 10,000,000.00 AUD PUT 6,900,000.00 USD TRADE DATE 06/23/04 Jun 25 Purchase Jun 28 Spot FX 318,640 12,535,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) SPOT CURRENCY TRANSACTION - BUY BUY ZAR SELL USD SPOT RATE : 6.272500000 TRADE 6/24/04 VALUE 6/28/04 S AFRICAN RAND U S DOLLAR Jun 28 Write Option - 22,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .625 KNOCK IN @ .6450 WRITTEN FX OPTION CALL 22,000,000.00 NZD PUT 13,750,000.00 USD TRADE DATE 06/24/04 - 318,640.00 - 1,998,405.74 Amount USD 124,890.00 398,750.00 EFTA01553991 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 67 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 28 Write Option - 27,000,000 NZD CALL USD PUT FX EUROPEAN STYLE OPTION DEC 23, 2004 @ .64 KNOCK IN @ .6515 WRITTEN FX OPTION CALL 27,000,000.00 NZD PUT 17,280,000.00 USD TRADE DATE 06/24/04 Jun 28 Buy-Back Opt 5,000,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION SEP 13, 2004 @ .63 KNOCK IN TRIGGERED @ .60 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/25/04 Jun 28 Buy-Back Opt 2,200,000 NZD PUT USD CALL FX EUROPEAN STYLE OPTION NOV 22, 2004 @ .68 KNOCK IN TRIGGERED @ .6625 REPURCHASE OF WRITTEN FX OPTION TRADE DATE 06/25/04 Jun 28 Purchase Jun 28 FX Option Assignment 536,468.76 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) 12,535,000 ZAR CALL USD PUT FX EUROPEAN STYLE OPTION JUN 24, 2004 @ 6.2675 WRITTEN FX OPTION ASSIGNED CALL 2,000,000.00 USD PUT 12,535,000.00 ZAR TRADE DATE 06/24/04 - 536,468.76 - 138,380.00 - 95,287.50 Amount USD 369,792.00 EFTA01553992 06 Settlement Date JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 68 of 72 U S Dollar Activity by Date Type continued Quantity Description Jun 28 FX Opt Asgn'D - 12,535,000 SPOT CURRENCY TRANSACTION SETTLEMENT OF ASSIGNED FX OPTION SELL ZAR BUY USD TRADE 6/24/04 VALUE 6/28/04 Jun 29 Fwd FX Ctrct 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY EUR SELL USD CONTRACT RATE : 1.210500000 TRADE 6/18/04 VALUE 6/29/04 Jun 29 Fwd FX Ctrct - 10,000,000 SETTLE FORWARD CURRENCY CONTRACT BUY USD SELL EUR CONTRACT RATE : 1.210200000 TRADE 6/21/04 VALUE 6/29/04 Jun 29 Expired Opt 15,350,000 CHF PUT EUR CALL FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.535 KNOCK IN @ 1.54 Jun 29 Expired Opt 10,000,000 EXPIRATION OF WRITTEN FX OPTION EUR CALL CHF PUT FX EUROPEAN STYLE OPTION JUN 25, 2004 @ 1.565 EXPIRATION OF WRITTEN FX OPTION Jun 29 Sale Jun 29 Misc. Disbursement - 1,003,000 JP MORGAN INSTITUTIONAL PRIME MONEY INSTITUTIONAL CLASS SWEEP FUND (829) (SWEEP DEADLINE IS 4:30 PM EST) FUNDS TRANSFERRED FROM BRKRG AC# Q30171005 (PRN) TO DDA AC# 000739110438 LETTER FROM CLIENT 1,003,000.00 - 1,000,000.00 Amount USD 2,000,000.00 - 12,105,000.00 12,102,000.00 EFTA01553993 06 JPMorgan Chase Bank 2004 Account Number: Q 30171-00-5 FINANCIAL TRUST COMPANY INC 345 Park Avenue, New York, NY 10154-1002 Asset Account Portfolio June 01, 2004 - June 30, 2004 Page 69 of 72 In Case of Errors or Questions About Your Electronic Transfers. Contact yourMorgan Teamat one ofthe telephonenumbers on the front of this statement or write us at 5 00 Stanton ChristianaRoad, 1/OPS, Newark,DE19713-2107 as soon as you can, if you think yourstatement is wrong or if you needmore information about a transfer on the statement. We must hearfrom you no laterthan 60 days afterwe sent you the FIRSTstatement on w hich the erroror problem appeared. (1) Tellus yourname and account number. (2) Describethe erroror t he transferyou are unsure about, and explainas clearly as you can why you believe it is in erroror why you need more information. (3) tell us the dollaramount of the suspected error. Ifyou contact us orally, you must send us your complaint or question in wri ting within 10 business days in order to preserveyour rights. We will investigateyourcomplaint and will correct any errorpromptly. Ifwe take more than 10 business days to do this (20 days for purchases using yourdebit card or for internationaltransactions),we will credi t youraccount for the amount you think is in error, so that you will have the use ofmoneyduring the time it takes us to complete our investigation. In case of errors or questions about your statement, including your line of credit. If you think that your statement is incorrect or if you need more information about a transaction on your statement including a line of credit transaction, you must write to us on a separate sheet des cribing the error and send it to: JPMorgan, Private Bank, 500 Stanton Christiana Road, 1/OPS3, Newark, DE 19713-2107. We must hear from you no 1 ater than 60 days after the statement on which the error or problem appeared is sent. You can contac t your client service specialist but doing so will not preserve your rights. In your letter, please provide the following information: (1) your name and account number; (2) the dollar amount of the suspected error; and (3) a description of the error and explanation, if you can , why you believe there is an error. If you need more information, you must describe the item you are unsure about. The JPMorgan Funds or The JPMorgan Institutional Funds or The American Century Funds Shares of the funds are not bank deposits and are not guaranteedby any bank, governmententity, or th e FDIC. Return and share price will fluctuate and redemption valuemay be more or less than original cost. While the money marketfunds seekto maintain a stable net asset valueof$1.00 pershare, there is no assurancethat they will continue to do so. The estimatedann ualincome and dividendyieldfigures for mutual funds representthe funds' most recentincome dividendan nualized. J.P. Morgan Funds Distributor, Inc. is the distributor of the JPMorgan Funds and American Centurylnv estmentServices, Inc. is the distributor of the American CenturyFunds. J.P. Morgan InvestmentManagem entlnc. and American CenturylnvestmentManagement Inc. serveas investment advisors to theirrespectivefund familiesand receivecompensation from theirrespect ivefund families for providing investment advisoryand other services. If you have chosen one of the sweep mutual funds, you are notified that positions in the Prime Money Market Sweep Fund represent holdings in the JPMorgan Prime Money Market Fund; positions in the Fede ralMoney Market Sweep Fund represent holdings in the JPMorgan FederalMoneyMarketFund; and positions in the TaxExemptMoneyMarketSweep Fund representholdin gs in the JPMorgan TaxExemptMoneyMarketFund. JPMSI is the custodian of listed options and most mutual funds, including third partymutual funds, p urchasedthrough JPMSI. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. EFTA01553994 06 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio June 01, 2004 - June 30, 2004 Page 70 of 72 JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P.Morgan Chase & Co. through its subsidiaries worldwide, including JPMorgan Chase Bank, J.P. Morgan Trust Co mpany, N.A. and J.P. Morgan Securities Inc. Margin Account Portfolio June 1 - June 30, 2004 Table of Contents Portfolio Summary Account Officers D'ORAZIO/HORNAK Page 71 All positions in this Margin Account Portfolio are held in custody at J.P. Morgan Securities Inc. (mJPMSI"). Member SIPC. EFTA01553995 06 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio June 01, 2004 - June 30, 2004 Page 71 of 72 Overview Portfolio Summary IMPORTANT INFORMATION ABOUT YOUR STATEMENT Contact your client service specialist if you think your statement is incorrect or you require addit ional information about a transaction on your statement. JPMSI is a memberof the Securities InvestorProtection Corporation ("SIPC"),a not-for-profit membersh ip corporation funded by broker-dealersregisteredwith the Securitiesand ExchangeCommission. Securiti esand cash held for a customer account at JPMSI are protected up to the total net equity ofeach account.. The first $500,000 of protection, which includes up to $ 100,000 of protection for cash, is providedby SIPC. As ofMarch 2004, the balanceof the protection is providedby a separateExcessSlPC SuretyBond issued by Customer Asset Protection Company. SIPCand excessSlPCprotection do not protect against losses from fluctuatio ns in the valueof the securities. Assets held in custody by JPMorgan ChaseBank(the "Bank")are not su bject to SIPCor excessSlPC protection. J.P. Morgan Securities Inc., JPMorgan Chase Bank or their affiliates (the "Morgan Companies")may pro vide administrative, custodial, sales, distribution or shareholderservices to JPMorgan Funds, Americ an Century Funds, or funds established, sponsored, advised, or managedby third parties, and the Morgan Companiesmaybe compensatedfor such services. Market Value USD Total Jun 30 0.00 Estimated Annual Income USD EFTA01553996 06 J.P. Morgan Securities Inc. 2004 Account Number: 161121381 FINANCIAL TRUST COMPANY INC 270 Park Avenue, New York, NY 10017 Margin Account Portfolio June 01, 2004 - June 30, 2004 Page 72 of 72 IMPORTANT INFORMATION ABOUT YOUR JPMSI MARGIN ACCOUNT If there are any errors or omissions on this statement, or if you have any questions about it, pleas e contact your JPMSI Account Representative or JPMSI Compliance Department at (212) 483-2323. Please keep the following in mind when using this statement to track your JPMSI brokerage activity: This statement combines your general margin account with the special memorandum account required by Section 220.6 Regulation T. As required by Regulation T, a permanent record of your separate account is available upon your requ est. Important Information about Pricing and Valuations. Prices, some of which are provided by pricing services or other sources which we deem reliable, are not guaranteed for accuracy or as realizable values Free credit balances in your account are not segregated and may be used in the operation of JPMSIs b usiness, subject to the limitations of SEC Rule 15c3-3. Unless otherwise instructed, JPMSI or its ag ents and depositories will hold your securities. Upon your demand, JPMSI will pay to you the amount of your free credit balance, and will deliver to you f ully-paid securities held on your behalf. Interest will be charged on any debit balance; the method of calculating interest is described in a letter sent to all margin customers. Upon written request, JPMSI will supply you with our most recen t statement required to be furnished to customers under SEC Rule 17a-5(c). If a partial call is made with respect to an issue of securities included in your Margin Account we will allocate the call by a method we deem fair and equitable. You should have received separate JPMSI trade confirmations for each securities transaction. All tra nsactions are subject to the terms and conditions stated on the reverse side of such confirmations a nd are subject to the constitution, by-laws, customs and interpretations of the marketplace where executed and governed by and construed in accordance wi th the laws of the state of New York and all applicable federal laws and regulations. You must promptly advise JPMSI of material changes in your investment objectives or financial situat ion. Unless you inform JPMSI otherwise, JPMSI will consider the information currently in its files t o be complete and accurate. JPMSI is required by law to report to the Internal Revenue Service all dividends and/or interest inc ome on bonds credited to your account during calendar year. Please retain all your statements to ass ist you in preparing your income tax returns. A financial statement of JPMSI is available for your personal inspection at its offices, or a copy o f it will be mailed upon your written request. JPMSI is not a bank and is a separate legal entity from its bank or thrift affiliates, including JPM CB. The securities sold, offered or recommended by JPMSI: (1) Are not insured by the Federal Deposit Insurance Corporation, or any other governmental agency; (2) Are not deposits or other obligations of JPMSI's bank or thrift affiliates (unless otherwise ind lasted), and are not guaranteed by or the responsibility of any such affiliates(unless explicitly st ated otherwise); and (3) Involve investment risks, including possible loss of the principal invested. JPMSI's banking affiliates may be lenders to issuers of securities that JPMSI underwrites, in which case proceeds of offerings underwritten by JPMSI may be used for the repayment of such loans, and yo u should refer to the disclosure documents relating to particular securities for discussion of any such lending relationships. The Federal Reserve requires that JPMSI obtain your consent before it can obtain certain information from its bank or thrift affiliates, including their credit evaluation of you. We will assume that y our continuing to transact business with JPMSI will constitute your consent to the sharing of such information by JPMSI and its bank or thrift affiliate s, to the extent permitted by law. JPMorgan Private Bank is the marketing name for the private banking business conducted by J.P. Morga n Chase a Co. through its subsidiaries worldwide, including JPMCB and JPMSI. EFTA01553997

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